Eastman Chemical Company

Eastman Chemical Company

Eastman Chemical Company

Overview
Date Founded

1993

Headquarters

200 South Wilcox Drive,Kingsport, TN 37660-5280

Type of Company

Public

Employees (Worldwide)

14.5K

Industries

Plastics & Synthetics
Paper Products
Wholesale: Raw Materials
Hospitals & Patient Services
Industrial Machinery & Manufacturing
Chemicals

Company Description

Eastman is a global specialty chemicals company that produces a broad range of advanced materials, additives and functional products, specialty chemicals, and fibers that are found in products people use every day. As a world leader in the diverse markets it serves, Eastman is focused on delivering innovative and technology-based solutions while maintaining its commitment to safety and sustainability.

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Executives & Employees

Chief Executive Officer

Senior Securities, Governance Counsel & Assistant Secretary

Executive Vice President & Chief Financial Officer

Senior Vice President & Chief Technology Officer

Executive Vice President & Chief Commercial Officer

Vice President & Chief Information Officer

Executive Vice President & Chief Legal Officer

Chief Manufacturing & Engineering Officer

Vice President, Corporate Controller & Chief Accounting Officer

Senior Vice President & Chief Human Resources Officer

Board of Directors

Chief Executive Officer at Eastman Chemical Company

Chief Financial Officer at Stream SPE Ltd.

Former Executive Vice President, Chief Financial Officer & Chief Administration Officer at The Hershey Co.

President at Monsanto Co.

Director, President & Chief Executive Officer at Sealed Air Corp.

Former Chairman of the Board & Chief Executive Officer at Ashland Global Holdings, Inc.

Vice Chairman at Cargill BV

Former Chief Financial Officer at General Motors de Mexico S de RL de CV

President at Innophos Holdings, Inc.

Founder at JFH Insights LLC

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Owners & Shareholders
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LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

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LBA provides investment management services using an approach based on fundamental analysis, broad diversification, an international perspective, careful stock selection and low turnover. Their style is conservative and they do not short securities and do not trade in options or derivatives. The firm takes an enterprise value approach and they must be able to justify the price they pay using standard financial principles. Longer investment horizons are stressed when monitoring portfolio decisions. LBA tends to avoid securities with a lot of valuation risk or those that are too dependent on extraordinary future growth or improvements in profitability. Typically, the firm’s portfolios have lower P/Es and P/CF multiples, higher current yields, and higher EBITDA/TMV and REVENUES/TMV ratios.

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MHI uses charting, fundamental analysis, technical analysis and risks for all forms of analysis in formulating their investment advice and/or managing client assets. The firm uses one or more of the following strategies in managing client accounts, provided that such strategies are appropriate to the needs of the client and consistent with the client’s investment objectives, risk tolerance, and time horizons, among other considerations. Their investment strategies include long-term purchases; short term purchases; trading; margin transactions; and option writing. They purchase securities with the intent to hold them in the client’s account for a year or longer. They typically employ long-term purchases when they believe the securities to be currently undervalued and/or they want exposure to a particular asset class over time.

Recent Transactions
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Eastman Chemical Company purchases Industrias del Acetato de Celulosa SA

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Eastman Chemical Company purchases Sasol Ltd /Heat Transfer Fluids Manufacturing Assets from Sasol Limited

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Eastman Chemical Company, Eastman Chemical HTF GmbH purchase Sasol Germany GmbH /Collector Fluid Div from Sasol Limited

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onEastman Chemical Company purchases Solutia, Inc.

Accountant

Advised onDuPont Nutrition Biosciences ApS purchases Genencor International from Eastman Chemical Company

Legal Advisor

Advised onDuPont Nutrition Biosciences ApS purchases Genencor International from Eastman Chemical Company

Legal Advisor

Advised onEastman Chemical Company purchases Solutia, Inc.

Legal Advisor

Advised onEastman Chemical Company purchases Solutia, Inc.

Legal Advisor

Advised onEastman Chemical Company purchases Solutia, Inc.

Advisors & Consultants
Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Partner at Jones Day

Advisor

Co-Head, Global Mergers & Acquisitions at Bank of America Merrill Lynch

Clients

PolyOne Corporation (NYSE: POL) is a global leader offering a comprehensive array of specialized polymer materials, tailored services and end-to-end solutions. We have: More than 10,000 customers globally More than 35,000 polymer solutions More than 60 manufacturing and distribution facilities Operations in North America, South America, Europe, Asia, and Africa Corporate headquarters in northeast Ohio (U.S.A.) (2011) Annual revenues of $2.9 billion We understand that, in today’s competitive, warp-speed global economy, your success depends on being first to market with innovative, value-creating materials and services. That is why we manufacture many materials to help solve the demanding application and business needs of molders and processors. For more information on our solutions, visit Products & Services. Our solutions are the right choice for customers who want to achieve profit and growth with innovative products, enter new markets, expand globally and much more. In this high-stakes environment, you can rely on us as your strategic partner – a partner whose notion of service goes well beyond merely supplying needs, to delivering better business solutions. Our commitment to you as a PolyOne customer is a core principle, embedded in every dimension of our company

Henkel AG & Co. KGaA engages in the manufacture and distribution of home and beauty care products and provides adhesive solutions. It operates through the following business segments: Adhesives for Consumers, Craftsmen and Building; Industrial Adhesives; Beauty Care; and Laundry and Home Care. The Adhesives for Consumers, Craftsmen and Building segment offers products for private users, craftsmen, and construction industry based on international brand platforms, namely Loctite, Pritt, Pattex and Ceresit. The Industrial Adhesives segment covers packaging and consumer goods adhesives, transport and metal, general industry, and electronics. The Beauty Care segment comprises of hair care, hair colorants, hair styling, body care, skin care, and oral care, and hair salon. The Laundry and Home Care segment detergents but also fabric softeners, laundry performance enhancers, and fabric care products. The company was founded by Fritz Henkel on September 26, 1876 and is headquartered in Düsseldorf, Germany.

DURECT Corporation is a specialty pharmaceutical company focused on the development of pharmaceutical systems based on its proprietary drug delivery platform technologies to treat chronic debilitating diseases and enable biotechnology products. These platform technologies include the SABER® Delivery System (a patented and versatile depot injectable useful for proteins, peptides and small molecule delivery), the ORADUR® sustained release oral gel-cap technology (an oral sustained release technology with several potential abuse deterrent properties), the TRANSDUR® transdermal patch technology, the DURIN® Biodegradable Implant (drug-loaded implant system) and the MICRODUR™ Biodegradable Microparticulates (microspheres injectable system). DURECT also partners with pharmaceutical and biotechnology companies to develop and commercialize proprietary and enhanced pharmaceutical products based on its technologies. DURECT has seven disclosed on-going development programs of which six are in collaboration with pharmaceutical partners. DURECT’s strategy is to capitalize on the wealth of opportunities afforded by our proprietary platform technologies in three ways: To internally develop promising products based on our technologies To partner some of our product opportunities with development and/or commercialization partners at appropriate stages along the development timelines; and To make our technologies, along with our pre-clinical and clinical development expertise available to partners with the desire to develop proprietary extended or controlled release formulations of a wide range of molecules. The statements within the DURECT Corporation website, and affiliated websites, relating to DURECT's products in development, technology attributes or capabilities, product development plans, development timelines, expected product or technology benefits or potential product markets involve risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. Potential risks and uncertainties include, but are not limited to, our ability to develop and commercialize our products, our ability to complete successful clinical trials, our ability to obtain product approvals from regulatory agencies, marketplace acceptance of our products, our ability to successfully manufacture our products, our reliance on sole or limited suppliers, our ability to obtain adequate reimbursement from third-party payors and the introduction of competitive products by other companies, our ability to gain access to proprietary technology and drugs, our ability to enter into development or commercialization agreements with other life sciences companies, our ability to manage our growth and costs and relationships with third parties and finance our activities and operations. Further information regarding these and other risks is included in the company's S-1 registration statement, quarterly reports on Form 10-Q and annual report on Form 10-K, as filed with the SEC. Copies of these documents are available on request from the Investor Relations Department of DURECT

Key Stats and Financials As of 2019
Market Capitalization
$14.3B
Total Enterprise Value
$16.8B
Earnings Per Share
$5.48
Revenue
$9.25B
Net Profit
$759M
EBITDA
$1.93B
EBITDAMargin
20.9%
Total Debt
$5.98B
Total Equity
$6.03B
Enterprise Value / Sales
1.82x
Enterprise Value EBITDAOperating
8.6x
TEVNet Income
22.17x
Debt TEV
0.36x
Three Year Compounded Annual Growth Rate Of Revenue
1.11%
Five Year Compounded Annual Growth Rate Of Revenue
-0.56%
Non-Profit Donations & Grants
$50K - $100K
2020
$1,000 - $2,499
2019
Political Donations
$1,000
2014
$2,000
2013
$750
2013
Investments
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Sequencia Corp, part of OSIsoft Software LLC, is an American company located in Phoenix, AZ. The firm develops business management software and applications. OSIsoft Software LLC acquired Sequencia Corp on 18 Jun 02.

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ChemConnect, Inc. provides market information and e-commerce solutions. It operates an electronic exchange that trades midstream energy, feedstocks, chemicals, and commodities. The firm offers third party commodity exchange, auctions, bulletin-board, back-end fulfillment, and market information services for NGL's, chemicals, feedstocks, polymers, and fuel oil. The company was incorporated on July 19, 2000 and is headquartered in The Woodlands, TX.

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Software AG USA, Inc. provides infrastructure software solutions. It serves the banking, education, energy, insurance, retail, and telecommunication sectors. The company is headquartered in Reston, VA.

Suppliers
EnPro Industries, Inc. Auto Parts & Tires | Charlotte, NC

EnPro Industries, Inc. engages in the designing, developing, manufacturing, and marketing proprietary engineered industrial products. It operates through the following segments: Sealing Products, Engineered Products and Power Systems. The Sealing Products segment is involved in the designing, manufacturing, and selling of sealing products, which includes metallic, non-metallic, and composite material gaskets, dynamic seals, and compression packing. It includes Garlock, Technetics and Stemco divisions. The Engineered Products segment produces self-lubricating, non-rolling metal-polymer, solid polymer, and filament wound bearing products, aluminum blocks for hydraulic applications and precision engineered components and lubrication systems for reciprocating compressors. The Power Systems segment designs, manufactures, sells and services heavy-duty, medium-speed diesel, natural gas and dual fuel reciprocating engines. The company was founded on January 11, 2002 and is headquartered in Charlotte, NC.

Martin Midstream Partners LP Oil & Gas | Kilgore, TX

Martin Midstream Partners LP engages in the diverse set of operations focused primarily in the United States Gulf Coast region. The firm collects, transports, stores and distributes the petroleum products and by-products. It operates through the following segments: Terminalling and Storage, Natural Gas Liquids, Sulfur Services, and Transportation. The Terminalling and Storage segment offers storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various grades and quantities of industrial, commercial, and automotive lubricants and greases. The Natural Gas Liquids segment distributes natural gas liquids. The Sulfur Services segment develops an integrated system of transportation assets and facilities relating to sulfur services. The Transportation segment manages a fleet of inland marine tank barges, inland push boats and offshore tug, and barge unit that transport petroleum products and by-products. The company was founded in 2002 and is headquartered in Kilgore, TX.

DMC Global Inc. Metal Manufacturing & Products | Boulder, CO

Based in Boulder, Colorado, Dynamic Materials Corporation operates three business segments: Explosive Metalworking, which uses proprietary explosive processes to fuse different metals and alloys; Oilfield Products, which manufactures, markets and sells specialized explosive components and systems used to perforate oil and gas wells; and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines.

Competitors
3M Company Industrial Machinery & Manufacturing - Saint Paul, Minnesota

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

Huntsman Corp. Plastics & Synthetics - The Woodlands, Texas

Huntsman Corp. engages in the manufacturing of chemicals for the plastics, automotive and construction industries. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. The Performance Products segment produces and sells amines, surfactants, LAB, and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment provides basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic, and polyurethane based polymer products. The Textile Effects segment consists market share for textile chemicals and dyes. Its products include Methoxypropylamine, Isocyanate, Nonylphenol, and Alkylalkanolamines. The company was founded by Jon Meade Huntsman Sr. in 1970 and is headquartered in The Woodlands, TX.

Indorama Ventures Public Co. Ltd. Plastics & Synthetics - Bangkok, Thailand

Indorama Ventures Public Co. Ltd. is a holding company, which engages in the manufacture and trade of petrochemical products. It operates through the following segments: Polyethylene Teraphthalate; Fiber and Yarns; and Feedstock. The PET segment produces plastic containers and food packaging. The Fiber and Yarns segment offers synthetic fibers and textile products. The Feedstock segment includes purified terephthalic acid, mono ethanol glycols, and by-products used in the manufacture of PET materials. The company was founded by Aloke Lohia on February 21, 2003 and is headquartered in Bangkok, Thailand.

Awards & Honors
Rank #296
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #296
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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